New Delhi: Cyient Semiconductors on Monday said it has secured financing of USD 30 million (about Rs 286 crore) from funds managed by Edelweiss and affiliated co-investors to scale up its global semiconductor business. The transaction includes an equity investment of about USD 10 million (Rs 100 crore) at a post-money equity valuation of USD…
New Delhi: Petrol and diesel prices were increased by Rs 2.61 and Rs 2.71 per litre, respectively, on Monday, marking the fourth hike in under two weeks as state-owned fuel retailers continued to align pump prices with rising global crude oil costs due to West Asia conflict. With the latest revision, cumulative increases in fuel…
New Delhi: A Parliamentary panel will meet on Monday to look into the impact of the West Asia crisis on India’s maritime trade and seafarer safety. The department-related Parliamentary Standing Committee on Transport, Tourism and Culture has called the Secretary, Ministry of Ports, Shipping and Waterways for the discussion. The members of the panel would…
Karachi: At least 24 people were killed and nearly 70 were injured after a powerful explosion ripped through a shuttle train in Pakistan’s Balochistan province on Sunday, authorities said. The shuttle train was heading from Quetta Cantonment to the railway station when it was targeted near Chaman Phatak, state-run Associated Press of Pakistan (APP) reported….
New Delhi: Some progress has been made in the negotiations between the US and Iran, US Secretary of State Marco Rubio said on Saturday, signalling that the over two-month conflict in West Asia could be nearing a resolution. Rubio said the conflict has to be resolved, as President Donald Trump said, “one way or the…
New Delhi: Petrol and diesel prices were increased by up to 91 paise per litre on Saturday, the third increase in less than 10 days. Petrol price has been increased by 87 paise in Delhi from Rs 98.64 to Rs 99.51 per litre. Diesel rates have gone up by 91 paise from Rs 91.58 to…
Mumbai: India’s forex reserves dropped USD 8.094 billion to USD 688.894 billion during the week ended May 15, the Reserve Bank of India (RBI) said on Friday. The overall reserves had jumped by USD 6.295 billion to USD 696.988 billion during the week ended May 8. The kitty had expanded to an all-time high of…
New Delhi: India and Cyprus on Friday elevated their ties to a strategic partnership and set up a joint task force to facilitate deeper cooperation in sectors such as infrastructure and shipping as Prime Minister Narendra Modi hosted Cyprus President Nikos Christodoulides for wide-ranging talks. The two leaders also deliberated on the West Asia crisis…
Chhatrapati Sambhajinagar: The meteoric rise of satirical digital outfit Cockroach Janta Party on social media has left the parents of its founder, Abhijeet Dipke, overwhelmed by fears that he could land in trouble or even face arrest. The outfit, now popular as CJP, has garnered over 19 million followers on Instagram since it was founded…
New Delhi: Adani Ports and Special Economic Zone on Thursday said it will acquire a 100 per cent stake in Jaypee Fertilizers & Industries from Jaiprakash Associates for Rs 1,500 crore, as part of the NCLT-approved resolution plan for JAL. Adani Ports and Special Economic Zone Ltd (APSEZ), in a regulatory filing, said the acquisition…
